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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
5 mins to read

Voluntary administrations on the rise as economic climate bites

Insolvency specialists say early intervention is playing a bigger role with the number of struggling companies.

Australian airline Rex Airlines is the latest to go into voluntary administration this week with 610 workers set to lose their jobs and the travelling public facing disruption from cancelled flights.

On this side of the Tasman, voluntary administrations (VA) are on the rise with recent ones

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Fiona Rotherham Thu, 01 Aug 2024
Contact the Writer: fiona@nbr.co.nz
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Voluntary administrations on the rise as economic climate bites
General Business,
105124
true